According to customs statistics, in the first three quarters of 2007, China’s petroleum equipment products (oil drilling rigs and parts and petroleum steel pipes) exported US$3.25 billion, an increase of 67.4% over the same period of last year. The main features of its exports are:
First, the United States is the largest export market. In the first three quarters, China’s petroleum equipment exports to the United States reached US$1.04 billion, an increase of 29.9%, accounting for 31.9% of the total value of petroleum equipment exports; Russia, Algeria, which is a major oil producing country
Exports doubled, with exports of 190 million U.S. dollars and 130 million U.S. dollars, respectively, which increased by 10.2 times and 4.2 times respectively. Exports to India were 270 million U.S. dollars, up 59.8%.
Second, the export of petroleum steel pipes has grown rapidly. In the first three quarters, China exported 2.51 billion U.S. dollars of petroleum steel pipes, an increase of 88.3%, accounting for 77.3% of the total value of petroleum equipment exports during the same period; oil drilling rigs exported 560 million U.S. dollars, an increase of 33%.
Third, state-owned enterprises are the main force of exports. In the first three quarters, China's state-owned enterprises exported 1.74 billion U.S. dollars, an increase of 60.3%, accounting for 53.5% of the total value of exports; foreign-invested enterprises, private enterprises, and collective enterprises exported 770 million U.S. dollars, 610 million U.S. dollars, and 130 million U.S. dollars, respectively, an increase of 79.1 percent. %, 71.6% and 83.8%.
Since 2003, as the price of crude oil in the international market has continued to rise, the trend of rising into 2007 has remained strong, and it has repeatedly hit new highs. The huge revenue has stimulated an increase in investment in the oil exploration industry. At the same time, most of the equipment used in the Middle East, the Americas, Russia, and other important crude oil mining countries (regions) were mostly invested in the 1980s and have gradually entered the renewal period, while China’s oil equipment manufacturing industry has developed in recent years, and the Drilling equipment has reached the world advanced level and has obvious price advantage in the international market. In addition, China has implemented the “going out†strategy and opened up many oil exploration and engineering and technical service projects in the Middle East, Africa, Latin America, and West Asia, and has also stimulated the export of petroleum equipment products.
Although China's petroleum equipment manufacturing industry has made considerable progress in recent years, and production capacity and product quality have all been greatly improved, the industry still faces some urgent problems to be solved:
First, the manufacturing technology of petroleum equipment still lags behind the international advanced level. Drilling rigs, geophysical exploration and logging equipment represent the level of a country's oil equipment manufacturing industry. Although China's oil drilling rigs have relatively large output, they have a relatively single type of rig, and the design and production capacity of special drilling rigs are behind, and the top drive required for drilling rig production. Key components such as engine blocks, hydraulics, and electrical control devices still need to be imported; in addition, the overall technical level of geophysical and logging equipment is far from the foreign product.
Second, the level of industrial concentration and specialization of the petroleum equipment manufacturing industry is not high. China's oil equipment manufacturing enterprises have a large number, small scale, scattered regional distribution, low industrial concentration, lack of effective division of labor and cooperation among enterprises, and the phenomenon of redundant construction is outstanding. Moreover, the level of R&D, manufacturing, and service integration of oil equipment manufacturing companies is relatively low, and there is a shortage of leading enterprises with strong international competitiveness and strong driving ability in this field.
In 2006, the “State Council’s Opinions on Accelerating the Revitalization of the Equipment Manufacturing Industry†explicitly stated that it is necessary to develop a group of large-scale equipment manufacturing enterprise groups that have strong competitiveness, and to increase the manufacturing capacity of major technical equipment with independent intellectual property rights to basically meet the energy requirements. In the areas of transportation, raw materials, and national defense construction, large-scale offshore oil equipment is one of the key areas identified by the State Council as one of the 16 major technical equipments, which has brought opportunities for the revitalization and development of the oil equipment manufacturing industry. Suggestions for this: First, strengthen industry planning, improve the ability of independent innovation, and realize the transition from quantity to quality. Second, strengthen the use of low-temperature drilling and oil extraction technologies, actively explore markets such as Russia and Kazakhstan, and constantly optimize the export market.
First, the United States is the largest export market. In the first three quarters, China’s petroleum equipment exports to the United States reached US$1.04 billion, an increase of 29.9%, accounting for 31.9% of the total value of petroleum equipment exports; Russia, Algeria, which is a major oil producing country
Exports doubled, with exports of 190 million U.S. dollars and 130 million U.S. dollars, respectively, which increased by 10.2 times and 4.2 times respectively. Exports to India were 270 million U.S. dollars, up 59.8%.
Second, the export of petroleum steel pipes has grown rapidly. In the first three quarters, China exported 2.51 billion U.S. dollars of petroleum steel pipes, an increase of 88.3%, accounting for 77.3% of the total value of petroleum equipment exports during the same period; oil drilling rigs exported 560 million U.S. dollars, an increase of 33%.
Third, state-owned enterprises are the main force of exports. In the first three quarters, China's state-owned enterprises exported 1.74 billion U.S. dollars, an increase of 60.3%, accounting for 53.5% of the total value of exports; foreign-invested enterprises, private enterprises, and collective enterprises exported 770 million U.S. dollars, 610 million U.S. dollars, and 130 million U.S. dollars, respectively, an increase of 79.1 percent. %, 71.6% and 83.8%.
Since 2003, as the price of crude oil in the international market has continued to rise, the trend of rising into 2007 has remained strong, and it has repeatedly hit new highs. The huge revenue has stimulated an increase in investment in the oil exploration industry. At the same time, most of the equipment used in the Middle East, the Americas, Russia, and other important crude oil mining countries (regions) were mostly invested in the 1980s and have gradually entered the renewal period, while China’s oil equipment manufacturing industry has developed in recent years, and the Drilling equipment has reached the world advanced level and has obvious price advantage in the international market. In addition, China has implemented the “going out†strategy and opened up many oil exploration and engineering and technical service projects in the Middle East, Africa, Latin America, and West Asia, and has also stimulated the export of petroleum equipment products.
Although China's petroleum equipment manufacturing industry has made considerable progress in recent years, and production capacity and product quality have all been greatly improved, the industry still faces some urgent problems to be solved:
First, the manufacturing technology of petroleum equipment still lags behind the international advanced level. Drilling rigs, geophysical exploration and logging equipment represent the level of a country's oil equipment manufacturing industry. Although China's oil drilling rigs have relatively large output, they have a relatively single type of rig, and the design and production capacity of special drilling rigs are behind, and the top drive required for drilling rig production. Key components such as engine blocks, hydraulics, and electrical control devices still need to be imported; in addition, the overall technical level of geophysical and logging equipment is far from the foreign product.
Second, the level of industrial concentration and specialization of the petroleum equipment manufacturing industry is not high. China's oil equipment manufacturing enterprises have a large number, small scale, scattered regional distribution, low industrial concentration, lack of effective division of labor and cooperation among enterprises, and the phenomenon of redundant construction is outstanding. Moreover, the level of R&D, manufacturing, and service integration of oil equipment manufacturing companies is relatively low, and there is a shortage of leading enterprises with strong international competitiveness and strong driving ability in this field.
In 2006, the “State Council’s Opinions on Accelerating the Revitalization of the Equipment Manufacturing Industry†explicitly stated that it is necessary to develop a group of large-scale equipment manufacturing enterprise groups that have strong competitiveness, and to increase the manufacturing capacity of major technical equipment with independent intellectual property rights to basically meet the energy requirements. In the areas of transportation, raw materials, and national defense construction, large-scale offshore oil equipment is one of the key areas identified by the State Council as one of the 16 major technical equipments, which has brought opportunities for the revitalization and development of the oil equipment manufacturing industry. Suggestions for this: First, strengthen industry planning, improve the ability of independent innovation, and realize the transition from quantity to quality. Second, strengthen the use of low-temperature drilling and oil extraction technologies, actively explore markets such as Russia and Kazakhstan, and constantly optimize the export market.
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